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The annual benefit of paying union dues is very high in Illinois, according to a new study.
For every $1 paid in dues and fees, a union member gets back an estimated $6.12 in after-tax income. This financial return on investment is in addition to other personal benefits, such as better health coverage and having a voice at work.
The report, The Application and Impact of Labor Union Dues in Illinois [PDF], was released April 13 by the Illinois Economic Policy Institute (ILEPI) and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign.
While 15 percent of Illinois’ workers are represented by a union, they can voluntarily choose to leave their unionized workplace, opt out of paying certain dues, or vote to decertify their labor organization. Thus, labor unions in Illinois must continually demonstrate how workers benefit from contributing membership dues.
Study: What is the return on investment for Illinois union dues?
For every $1 paid in dues and fees, a union member gets back an estimated $6.12 in after-tax income. This financial return on investment is in addition to other personal benefits, such as better health coverage and having a voice at work.
The report, The Application and Impact of Labor Union Dues in Illinois [PDF], was released April 13 by the Illinois Economic Policy Institute (ILEPI) and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign.
While 15 percent of Illinois’ workers are represented by a union, they can voluntarily choose to leave their unionized workplace, opt out of paying certain dues, or vote to decertify their labor organization. Thus, labor unions in Illinois must continually demonstrate how workers benefit from contributing membership dues.
Study: What is the return on investment for Illinois union dues?